Northland Securities Weighs in on Kodiak AI FY2029 Earnings

Kodiak AI, Inc. (NASDAQ:KDK) – Analysts at Northland Securities issued their FY2029 earnings estimates for shares of Kodiak AI in a note issued to investors on Thursday, October 29th. Northland Securities analyst M. Latimore expects that the company will earn $0.48 per share for the year. The consensus estimate for Kodiak AI’s current full-year earnings is ($0.93) per share.

Kodiak AI (NASDAQ:KDK) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The business had revenue of $3.50 million for the quarter.

Several other analysts have also recently commented on the company. Needham & Company LLC assumed coverage on Kodiak AI in a research report on Wednesday, September 9th. They issued a “buy” rating and a $8.00 target price on the stock. Oppenheimer started coverage on Kodiak AI in a research report on Tuesday, August 25th. They set an “outperform” rating and a $9.00 price target for the company. Zacks Research raised Kodiak AI from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 14th. Cantor Fitzgerald reissued an “overweight” rating on shares of Kodiak AI in a research note on Monday, September 28th. Finally, Citigroup reissued a “buy” rating on shares of Kodiak AI in a report on Wednesday, August 19th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.69.

Kodiak AI Trading Up 3.6%

Shares of NASDAQ KDK opened at $1.16 on Monday. Kodiak AI has a 12-month low of $0.96 and a 12-month high of $11.35. The stock has a 50 day simple moving average of $2.45 and a 200-day simple moving average of $5.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. lifted its position in Kodiak AI by 112.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company’s stock worth $11,645,000 after purchasing an additional 888,480 shares during the period. BlackRock Inc. bought a new position in Kodiak AI during the 2nd quarter valued at $9,073,000. Alyeska Investment Group L.P. acquired a new position in shares of Kodiak AI during the 2nd quarter valued at $19,538,000. Amova Asset Management Americas Inc. increased its position in shares of Kodiak AI by 112.5% during the 1st quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company’s stock valued at $11,628,000 after purchasing an additional 888,480 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Kodiak AI in the 2nd quarter worth $1,276,000. 72.95% of the stock is currently owned by institutional investors.

Kodiak AI Company Profile

Kodiak AI, Inc develops autonomous vehicle technology designed to help commercial and industrial operators improve the safety, efficiency and reliability of transportation. The company’s platform combines artificial intelligence, sensors, software and vehicle-control systems to support autonomous operation in complex environments.

Founded as Kodiak Robotics, the company initially focused on autonomous long-haul trucking and has developed systems intended for use in freight transportation.